Lument Finance Trust, Inc.

Thank you. Thank you.

Good afternoon, and thank you for joining the Lumen Finance Trust first quarter 2026 earnings call. Today's call is being recorded and will be made available via webcast on the company's website. I would now like to turn the call over to Andrew Tsang with investor relations at Lumen Investment Management. Please go ahead.

Good afternoon, everyone. Thank you for joining our call to discuss Lumen Finance Trust first quarter 2026 financial results. With me on the call today are Jim Flynn, our CEO, Jim Briggs, our CFO, Greg Calvert, our president, and Zach Halpern, our portfolio manager. This morning, we issued a press release to provide details on our recent financial results. We also provided a supplemental earnings presentation, which can be found on our website. We intend to file our 10-Q with the SEC this afternoon after market close. Before handing the call over to Jim Flynn, I'd like to remind everyone that certain statements made during the course of this call are not based on historical information and may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statement. These risks and uncertainties are discussed in the company's reports filed with the SEC, in particular the risk factors sections of our Form 10-K and Form 10-Qs. It is not possible to predict or identify all such risks, and listeners are cautioned not to place undue reliance on these forward-looking statements. The company also undertakes no obligation to update any of these forward-looking statements. Further, certain non-GAAP financial measures will be discussed on this conference call. Presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be accessed through our filings with the SEC. For the first quarter of 2026, we reported a GAAP net loss of two cents and distributor earnings of two cents per share of common stock. In March, we declared quarterly dividend of 4 cents per common share with respect to the first quarter in line with the prior quarterly dividend.